ANNOUNCED AS TEMPORARYNo
As of 1 January 2018, the government of Kenya via Finance Act 2017, for the first time required for all persons with an insurable interest in the marine cargo sector, to acquire marine insurance exclusively with local insurers registered in the Kenyan jurisdiction. Previously, persons with an insurable interest in the marine cargo sector were allowed to place marine insurance with insurance firms located outside of Kenya. The core scope of this amendment is to promote the local insurance sector of Kenya.
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